Thread: Side Hustle
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Old 12-04-2020 | 03:38 PM
  #214  
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Originally Posted by Trip7
Several airline pilots have gone on to be Deal Sponsors/Syndicators. It's tremendously more work than being a passive limited partner but one can build quite a bit of wealth after a series of successful deals
That was going to be my exit plan under the VEOP. It is WAY more work to be a deal sponsor than being a direct owner without partners. The amount of work and added responsibiloty for OPM kept me out of offering syndications. Passive is an awesome way to go for high earning professionals. Sourcing your own deals is more work, but comes with potential for higher returns. It also offers control over timing any refinance activity or exit. You also have 1031 options as an independent owner, syndications almost never have that option.
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